Monetary policy on July 25
The State Bank of Pakistan will announce monetary policy on July 25, 2009 and analysts say that there will be further cut in interest rate as the inflation is constantly on the decline. "The central bank would issue Monetary Policy Statement (MPS) for the July-September quarter on 25th of this month," said Syed Wasimuddin, chief spokesman of the SBP more... (BR)

Fate of $840 million IMF tranche to be decided on August 7
The fate of next $840 million International Monetary Fund tranche will be decided on August 7 when the Fund Board would meet to review Pakistan's economic performance and budget initiatives. The instalment Pakistan desperately needed was due on June 30. Secretary Finance Salman Siddique told media that the IMF Board would meet on August 7 in Washington to review Pakistan's economic performance and budget initiatives more... (BR)

Government unable to achieve revised export target
The government has not been able to achieve even the revised export target of $19.2 billion as it could hardly touch the $17.781 billion figure by the close of 2008-09. The trade figures released here on Monday by the Federal Bureau of Statistics for full year 2008-09 show that total exports of the country remained $17.781 billion with a whopping trade deficit of $17.040 billion for the year more... (BR)

First batch of IDPs leaves for Swat
The repatriation of the internally displaced persons (IDPs) from Malakand division was started on Monday with the departure of 200 families in Jalozai IDPs camp for home in district Swat. A convoy of 15 buses and 10 trucks left for district Swat, while 24 other IDPs families reportedly arranged transport on their own. The government has divided the repatriation process of IDPs into three phases more... (BR)

Britain may send more troops to Afghanistan
Amid rising toll of British troops in Afghanistan and the media increasingly questioning the goal and strategy of its government in the war-torn country, the UK is reportedly contemplating sending thousands more troops into Afghanistan within months under an emergency review of the mission being carried out by the Ministry of Defence more... (D)

KSE board may okay re-launching of deliverable futures in 10 scrips
The board of directors of Karachi Stock Exchange (KSE) in its meeting scheduled for Tuesday, July 14 is likely to approve re-launching of deliverable futures in 10 scrips, sources said. The issue of the five suspended KSE members is also on the agenda and the board is also likely to take any decision in this regard more... (BR)

Farmers want urea at fixed price
The Sindh Chamber of Agriculture demanded on Sunday that the government should supply urea fertiliser at fixed rates directly to farmers more... (D)

Fiscal year 2009 a turbulent year for local car assemblers
The sales of locally-assembled cars have declined by 50 percent on year-on-year basis to 74,180 units in FY09 as compared to 147,441 units in FY08. The auto sales (cars + LCVs) have also registered a decline of 47 percent to 98,507 units in this period against 187,412 units a year ago more... (BR)

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